London — The Australian mining company Triton Minerals, which holds the rights to graphite deposits in the northern Mozambican province of Cabo Delgado, announced on Monday that it has secured up to 200 million US dollars to develop its mine.
Triton has signed a letter of intent with the Chinese company Shenzhen Qianhai Zhongjin (SQZG) for funding a graphite concentrate facility with the initial capacity to produce 200,000 tonnes of graphite per year at its Nicanda Hill project.
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